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Ransomware Payouts, AI-Driven Threats and Reshaping Payment FraudIn this week's panel, four ISMG editors discussed a ransomware case that once again raises questions about paying extortionists, why security leaders fear AI is accelerating attacks faster than humans can respond and how the rise of instant payments is reshaping fraud programs at banks.

Bank Info Security 3 months, 2 weeks ago

Breach Roundup: Feds Confirm 'Major' Hack of FBI System

Also, Lloyds Data Leak, Dutch Treasury Breach, Citrix Bug Exploit, Pay2Key ActivityThis week, Lloyds data leak hits 450K, Dutch treasury breach, Citrix flaw exploited, Iran-linked ransomware ops, TrueConf zero-day, Russian fraud ring sentenced, Romania targeted, patch gaps persist, and U.S. hospital breach affects 257K.

Ex-FBI Leader Cynthia Kaiser on Sanctions, Ecosystem Disruption, Stronger PoliciesU.S. cyber policy now treats ransomware gangs and fraud networks as transnational criminal organizations. Former FBI cyber leader Cynthia Kaiser explains how sanctions, infrastructure takedowns, and international cooperation could weaken cybercrime ecosystems and reduce attacks.

Bank Info Security 5 months, 4 weeks ago

Fraud Tops Ransomware in WEF's 2026 Cybersecurity Outlook

Findings From WEF's 2026 Report Show Shifting Cyber Priorities as AI Reshapes RiskCyber-enabled fraud has overtaken ransomware as the top cybersecurity concern for CEOs heading into 2026, according to the World Economic Forum's Global Cybersecurity Outlook 2026, released ahead of the Davos meeting. AI is a top emerging technology affecting both cyber risk and cyber defense.

Bank Info Security 1 year, 1 month ago

Ohio Health System Responding to Cyberattack, Fraud Scams

Experts Pointing a Finger at Interlock Ransomware Gang for Kettering Health AttackOhio-based Kettering Health is in its second day responding to a cyberattack that's disrupted patient care services and downed its IT systems, including its patient portal and phones. Some cybersecurity insiders say Interlock ransomware is responsible.

Also: Bringing AML and Fraud Programs Together; the Global AI Arms RaceIn this week's update, ISMG editors discussed a U.K. proposal to mandate ransomware payment reporting, tackling financial crime by bringing together fraud and AML teams, and the global AI arms race as countries compete to lead innovation while balancing regulation and ethics.

Bank Info Security 2 years, 2 months ago

ISMG Editors: Why Synthetic ID Fraud Is on the Rise

Also: More Support for Ransomware Victims, Key Takeaways From RSA 2024In the latest weekly update, ISMG editors discussed key takeaways from the RSA Conference, delve into the surge of synthetic ID fraud in the auto lending industry, and examine a new initiative by the UK's National Cyber Security Centre and major insurance associations to combat ransomware threats.

Bank Info Security 2 years, 4 months ago

Ransomware Attacks on Critical Infrastructure Are Surging

FBI Says It Received Most Attack Reports From Healthcare, Critical ManufacturingCybercrime reports submitted by victims to the FBI's Internet Crime Complaint Center surged last year, and the total reported losses exceeded $12.5 billion. Investment fraud and business email compromise losses dominated, and ransomware attacks spared almost no critical infrastructure sector.

Bank Info Security 2 years, 7 months ago

Breach Roundup: French Police Arrest Alleged Hive Money Man

Also: Amazon Sues Alleged Refund Gang, Ukraine Says It Hacked Russian Tax SystemThis week, French police arrested an alleged Hive "banker," Amazon cracked down on a refund fraud ring, Ukraine military intelligence said it hacked the Russian tax system, the U.K. Ministry of Defense was fined and Kraft Heinz said it is doing fine after an alleged ransomware attack.